Wednesday, March 31, 2010

Life Cinema aur Dibakar

With two National Awards in his kitty, it is no wonder Shyam Benegal sees him as a worthy successor. His kind of movies fit the art meets avant-garde meets say-it-hard genre. Dibakar Banerjee says it as it is to Aakriti Bhardwaj

You’ve made movies that appealed to families in the past. But what inspired you to make a movie which could scandalise many?
I did not make family movies. I simply made movies that I wanted to make. It just turned out that my first film was about the triumph of a middle-class family and so the middle-class families all over the country enjoyed it. My second film was about a thief and it was glorifying the thief and his trade. Not only was he stealing, in some ways he was exposing the hypocrisy of the middle-class. “Oye Lucky...” is actually an anti-middle-class film. I know a lot of the audience who had gone to the cinema halls expecting “Khosla...” part-two were slightly taken aback. They didn’t expect “..Lucky” to be the film it was. I don’t think I can claim the happy claim of a family-oriented filmmaker. It’s a film about scandal. But we can get into a very subjective discussion of what is scandalising to you and what is scandalising to me. Something, which describes something as scandalising or shocking is so subjective that beyond a point you really can’t put your finger to it as to whether it is or not. I’m making a film about certain issues which are rampant and prevalent around us in our real life and if those issues are around then a film about the issues can be around. The audience for this film will be the same audience that have enjoyed the earlier two films except that it is an adult film so it is not for kids anymore. For some reason, “Oye Lucky...” was a film that appealed to the kids a lot and I have no idea why. But this film is for adults and a film for those audiences who like new themes, new treatments, and new ways of telling a story. In that respect, it is a film for those who like the new and would like a change from the old. That ways it takes a step forward but I don’t know if my earlier films were made for the family and this one is not. I wouldn’t like to categorise it like that.

How did filmmaking happen? Did your advertising background help you with the kind of films you make?
I was always interested in filmmaking as a child and was an avid film buff. Then, in NID, I was the member of the film club and my exposure and interest in films went up really high. I was exposed to different kinds of cinema. By that time I had made up my mind that I wanted to be a filmmaker. Then I joined advertising and specifically the ad filmmaking side of advertising which kind of worked for me as a training ground. Advertising films actually gave me the practice of how to shoot a scene, how to perform with actors, how to direct actors, how to direct complex physical scenes, to get my hands around the nitty-gritty... That’s what advertising did. Moreover, it helped me exercise my brain continuously because being able to tell a story in 30 seconds is also a very interesting skill. Then I realised when I made my first film “Khosla Ka Ghosla” the crosspollination of the genres had a very salutatory effect on my ad films. My ad film quality went up and the way I was making my films went up. So I find it a mutually nourishing experience.

Shyam Benegal, in an interview with us, had taken your name when asked about who in the current generation had taken after him. What do you have to say to that?
He said that?! I’m very proud of that. I’m proud because when I was a kid watching all kinds of films on Doordarshan, I was most moved by films like “Manthan”. I was eight or nine-years-old when I saw “Manthan”. Also films like “Kalyug” and “Junoon”; I have never seen 1857 revolt brought up like that. Benegal’s “Bhumika”, then Govind Nihalani’s “Aakrosh”, “Tamas”, Ketan Mehta’s “Holi”, “Mirch Masala” and “Bhavni Bhavai”… these are the films that I remember as a kid impacting me through their visuals, images, performances, music. I still remember Naseeruddin Shah’s dialogues from “Manthan” ‘Yeh Sothi humaari hai, sothi humaari hai’, he was talking about the milk problem in the society. I remember Amrish Puri’s dialogues ‘Young man, I made the economy of the country’. So like people remember dialogues from “Sholay”, I remember dialogues from these films. For me, these films are seminal growing up experiences. When the maker of that film says that I am doing something commendable, that’s the biggest reward actually.
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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, March 30, 2010

The true story of rising prices

Vikas Kumar and Abhishek Kumar find out an unholy nexus of mandi traders, commission agents and retailers at work

Indian’s billion-plus people are wondering if prices of essential food items will fall. Though neoclassical economics seek to explain the rising prices in terms of rise in demand and fall in supply, it is not reason enough for people like Rageshwari, a receptionist in a small private firm with monthly take home salary of Rs 10,000. She had gone to the local bazaar to find one kg of cauliflower selling at Rs 22. Thousands of commoners are affected, they feel helpless.

Team TSI went on an early morning fact-finding mission in the wholesale mandis of Delhi. Cauliflower was selling at the rate of Rs four to six a kg there. In retail, the same thing was selling at Rs 20 to 25 per kg. The story was pretty much the same for potato, onion and coriander.

A walk in Azadpur Mandi in Delhi, one of the biggest wholesale markets of fruits and vegetables, is not the most enchanting experience but it opens one’s eyes. Here one comes face to face with reality, the murky world of arhatias, commission agents and traders who are ready to take hapless farmers for a ride. No market theory can explain this phenomenon.

Commission agents and traders lead the pack but the local sabziwallah has joined the bandwagon too. Believe it or not, in certain categories of vegetables, their margin of profit has touched 300-400 per cent.

Wholesale prices have dropped to a fraction of what they were at the beginning of the year, but there is hardly any decline in retail prices. You might find it difficult to digest but you are ending up paying three to four times the mandi price.

Wholesale rates at present are actually at the lowest as compared to the past few months due to continuous downward trend since December 2009 and there is reportedly no shortage of any vegetable. Devinder Sharma, noted agriculture expert, says, “I don’t think food inflation will ebb after April of this year. In the days to come, we will first see the impact on prices of the Budget decision to hike duties on fuel. In the past few days, the price of 500 gram of curd in Mother Dairy has gone up by Rs two and that of cheese by Rs four.”

Some believe that the April harvest would impact the price of food items. The pressure on inflation will ease after the new crop flows into the markets. But those who believe in this are actually living in the fool’s paradise. Sharma explains why this is not feasible,“Fertiliser manufacturers have promised not to raise the price of other fertilisers besides urea in Kharif 2010, but once the monsoon season is over, they will be a given free hand in deciding the prices. That is where the fertiliser manufacturers are waiting to make a killing. This will have a cascading effect on food prices...”
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IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Friday, March 26, 2010

Some rights, many wrongs

It is perhaps a sign of the times that we see movie titles as banal as “Right Yaaa Wrong”. So, you have a story about a cop (Sunny Deol) who is paralysed in the lower body after an encounter while his wife (Isha Koppikar) is involved in a secret affair with his stepbrother. And with his paralysis forcing him out of action, he grapples with the meaning of life. He wants to die instead of leading his life as a paraplegic and asks his wife and stepbrother to grant that wish. Things get weirder as you find that Irrfan Khan is playing a fellow straight shooting officer who inevitable has a run in with Deol, suspecting he’s hatching a plan to kill his wife.

The film offers an interesting story, with ample room for ethical dilemmas (Right or wrong? You decide! Get it?) but honestly expecting Sunny Deol and a bunch of small time actors (other than Khan) to deliver top notch stuff as well as director Neerraj Pathak to guide the intrigue was setting your expectations unfairly high. To the film’s credit, the plot still holds some intrigue, and some 80s style twists in the tale will amuse, if not thoroughly thrill and overwhelm you. But the rest of the elements are just about average – whether you talk about dialogue, editing (so important for a thriller) or even the performances. On balance, perhaps, if you are looking for some light enjoyment in the form of a thriller, this one might be the right choice for you.
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IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Thursday, March 25, 2010

Beating life at its OWN GAME

When the doctors issue you the sentence of imminent death, would you sit in a corner and wait for the Grim Reaper to come and claim you, or would you throw caution to the winds and go skiing instead? 19-year-old Jothy Rosenberg opted for the latter. The loss of a leg and a part of his lung to cancer did not come in the way of his journey to Utah, where he skied for hundred days straight, and returned more alive than ever before. Jothy Rosenberg relates to anu gulmohar the amazing tale of how he went on to defy the verdict of doctors and now 36 years later, has been married for 28 years, is father to three children, started six tech companies, participated in seven bike-a-thons and swum across San Francisco bay 16 times. His ordeal and courage will now seek to inspire through his book “Who Says I Can’t?”

“I think I was a fairly normal, if perhaps a bit of a wilful, kid. Nothing spectacular but there were perhaps a few signs that I had some toughness… When I had to face a real and personal crisis, I actually surprised myself at how I handled it. At the age of 19, when the doctor told me no one had survived what had just happened to me, part of me did not accept that because someone of 19 years typically thinks they are immortal. But embedded in my brain from then on was a worry, and it mostly resulted in me living pretty hard and fast and in me taking risks. I figured that if I really was going to die, like they said, I should live it up while I could. I had always had the attitude that I would prove everyone wrong on any limitations they placed on me – whether it was how many days I would have to stay in the hospital, or that I would never ski as well as two-leggers. But I was not trying to prove them wrong about me dying; I was just trying to live better and faster while I could.

I lost my leg at 16 in January of that year. In March, before the snow was gone, I insisted my parents take me to a local ski hill. I was not even yet fully healed and my stump was still sore and swollen. Regardless, I was determined to find out if skiing was going to be off-limits for me. I used regular ski poles as that is all I knew about (later, I would learn that something called outriggers, which are ski poles with little skis on the ends, was the way to go). When I tried to ski a little and take a turn, I would immediately fall to the snow and it would hurt. Then I would get up and try a turn the other way. One turn direction was much harder because it was unnatural to turn to the left with just a left leg. Still, while my parents were cringing and trying to get me to stop, I began to see that this really was going to be possible. Skiing was the sport I was best at, and I loved it. I really wanted to be able to do it and this early attempt, instead of depressing me, made me elated. No one could see why. But I saw that with super hard work and maniacal focus I could learn this and be good at skiing again. And yes, that gave me a huge lease on life.
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IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, March 23, 2010

French Potpourri!

A sinful concoction is what you are headed for if you are Reunion Island bound. Spectacularly jutting out of the Indian Ocean, this small piece of negligibly-inhabited France calls for an unparalleled holiday experience. The Island is an amalgamation of picturesque scenery, enthralling adventure and exquisite hospitality. One of the most intriguing destinations in the world, this is an island of contrasts. With an active volcano on its South coast, breathtaking beaches in the west and a wide range of lush welcoming forests and awe-inspiring mountains, Reunion has a lot on its platter. Activities range from canyoning the island’s various waterfalls, surfing on high tides and paragliding, to simply chilling out and soaking in the sun. Reunion Island is not only nature’s marvel but is also rich in history, cultural diversity, art and architecture. Although Reunion is predominantly inhabited by the French, Indians, Africans and Chinese, the fact remains that Reunion’s roots lie in France since its discovery in 1643 by French travellers.

Reunion Island has an aura which induces adrenalin as well as romance. Often addressed as Reunion’s Riviera, the West coast of Reunion has a string of sun-kissed beaches. Those unwilling to get a tan can pay a visit to the Cirque de Cilaos, which is known to have the most ostentatious, dangerous and iconic canyons. With a bizarre knack to belittle even the most adrenalin-pumping adventurers, Reunion also boasts of astonishing deep ravines, meandering courses, stimulating forests and of course the crooked toothed volcanoes. A variety of soaring peaks, gushing waterfalls and ideally nestled hamlets atop widening mountain roads also call for a visit from the nearby Cirque de Salazie. The scenery from this relatively flatter Cirque is scintillating while one enjoys the freshness of the incredibly lush vegetation, refreshing falls and soaks up on the fading rays of sun.

After roughing it in the Cirques, it’s time to take a breather with a visit to the glitzy town of Boucan Canot, which is known for its style and fashion sense. This small town presents itself with a subtle grandeur and offers interesting keepsakes to its tourists. Although Reunion’s inhabitants are administratively French citizens, but with its multicultural background it showcases several facets of its mixed ethnic conglomeration. A short yet spectacular visit to the town-hall Mairie at St-Leu speaks volumes of French architecture that dates back to the French colonial era.

With every whiff of fresh air, and the sprinkle of water from its waterfalls, and the soothing sea breeze, it would seem hard to say goodbye to this divine paradise, but like they say, all good things come to an end.
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IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Saturday, March 20, 2010

Not so ‘Wright’ after all, eh!

A takeoff towards greening the aviation sector is not financially viable. Can we ensure its sustainability?

The fact is – endless rounds of green summits between nations have ended up doing far greater harm than good. And the numerous flights that ferry officials and their teams back and forth to these meetings have a lot to do with that. Indeed, the reality of green transport will remain a distant dream without considering the aviation sector, which ranks right up there in the ranks of the world’s most polluting sectors of all time.

While flying is a day-to-day activity for those who can afford it, it’s a dream for many more who can’t. For the earth, however, it’s a growing nightmare the more such dreams get realised. Air travel is responsible for around 2.5% of CO2 emissions to the atmosphere. The effect of emissions has been known to increase nonlinearly with altitude. Environmental activists believe that aircraft are so harmful that one 747 takeoff creates the pollution level equivalent to setting a local gas station on fire – compare this to the fact that the year 2008 had over 77 million aircraft movements taking place globally. And the figure will only increase exponentially.

If this still looks like a non-issue, consider this report. A medical report from the University of Illinois, Chicago, estimated that the Chicago O’Hare International Airport affects the health of as many as 5-million people living in the surroundings. The report cites that if you live within 5-6 miles of an airport, you face a heightened risk of dying prematurely from environmentally induced cancer. Imagine the cumulative effect caused by around 49,000 airports operating worldwide (as per last statistics of Airports Council International). From damage due to chemicals like ethylene glycol, propylene glycol and NO2 to the harmful effects of aircraft noise, major health problems have been identified regularly.

According to Germany’s central environmental office, a day-time average sound pressure level of 60 decibel has the ability to increase the incidence of coronary heart disease by 61% in men and 80% in women, while a night-time average sound pressure level of 55 decibel increases the risk of heart attacks by 66% in men and 139% in women. Surprisingly, flights still take off with noise pollution levels of as much as 150 decibels on an average.

Ironically, aviation has an inextricable link to the key industries of global trade and tourism. So state governments are reluctant to tax and regulate the industry either on the basis of environmental impact or on the basis of health issues. Although governments have woken up to the need of keeping residential colonies away from airports, with the growing population of many metropolitan centres, it is but inevitable that the civilian population reaches the fringes of airports. Now, as the issue of climate change is gaining prominence, governments too are expressing concerns.
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IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Friday, March 19, 2010

Art for art’s sake

TSI Five-O: One for the road, but only for the aesthetics

Dev Benegal’s paean to the magic of the cinema scores high (make that very high) on the aesthetics but low on the story and the dramatics. “Road, Movie” is an unconventional watch but the surrealism at some points gets to you. In a narrative as linear as the desert roads the truck, which is a travelling cinema and the central subject of the film, is being driven on, Benegal tells the story of Vishnu (Abhay Deol) who agrees to drive the truck (belonging to his uncle) across the desert to sell it to a museum. On the way, three fellow travellers enter the fray- a boy who runs away from a tea shop (Mohammed Faizal), a mechanic (Satish Kaushik), and a gypsy (Tannishtha Chatterjee).

The stunning visuals of the landscape and roads in Rajasthan and Kutch lift the visual appeal of the film several notches and the rest of the technicals are top notch as well including the background score. But the trip feels devoid of real adventure thanks to the slow pace and the fact that the story focuses only on the four characters brought together by queer circumstances on to the truck. If you are among those who appreciate the artistic side of cinema as a medium, there is a lot to root for here, but if you are looking to be entertained, this film does not have your fill.

Some of the dialogues are pretty good, and there’s an odd spark here or there (the remixed version of ‘Tel Maalish’ during the end credits is a nice touch) but there’s nothing overwhelming. It only makes you suspect that the film has its art in the right place, but not the rest.
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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Thursday, March 18, 2010

India’s defence forces are in dire need of technology upgrades.

Items Required Immediately

Navy - Submarines, frigates and destroyers, naval advance jet trainers, carrier operated fighter aircraft, networking of weapons and platforms, medium range maritime surveillance and reconnaissance aircraft, UAV

Air Force - Basic, Intermediate and Advance Trainer Aircraft, Fighters, Helicopters, Replacement of obsolete radars, Anti Aircraft Missiles, Upgradation of air defence environment, Replacement and Augmentation of Transport Fleet, Upgaradation of Fighter Aircraft, Development of Air Field in forward Areas, Upgradation of Navigational Aids, Precision Guided Munitions, UAVs.

Army- Light Artillery Guns, Night Vision devices for Armoured Corps, Modernisation of Special Forces, Light Tanks, Air Defence Weapon System, medium and light weight Helicopters, UAV

Military and geopolitical imperatives are changing at a rapid pace in the region. But India’s defence planning machinery continues to be slothful, if not completely dysfunctional. As a result, for the past six years, a significant portion of the funds allocated in the annual Union Budget for defence technology upgrades has remained unutilised.

In the latest Union Budget, finance minister Pranab Mukherjee has made provisions to the tune of Rs 1, 47, 344 crores for the defence sector. Of this amount, Rs 60,000 crores is meant as Capital allocation for procurement, modernisation and land acquisition, among other exercises that are crucial for the growth of the defence forces. Chances are that a part of this amount will be returned to the national exchequer by the end of the fiscal year. In fiscal 2009-2010, when the total outlay was Rs 1,41,703, of which the Capital allocation was nearly Rs 55,000 crores, the defence establishment had surrendered Rs 5539 crores.

Air Vice Marshal (AVM) Kapil Kak, additional director of the Centre for Air Power Studies, attributes this tendency to return a significant percentage of the Capital allocation to the complete indifference among the defence top brass to planning and strategy.

The repercussions of this dangerous drift are being felt on the ground. The number of air squadrons has dwindled to 30. The firepower of Indian artillery, too, has diminished appreciably. The Indian forces have seen no addition of guns since 1984. The armoured corps is grappling with the lack of night-vision equipment. The Indian Navy is facing prospects of the strength of its submarine arm dropping to just ten vessels.

The Revenue allocation for defence, which is always appreciably larger than the Capital outlay, takes care mainly of recurring expenditures like salary disbursals, transport cost and maintenance of existing facilities. The Revenue provision in the current Union Budget is Rs 87, 377 crores. The annual increase in the defence outlay is actually negated by inflation. So even when the government announces that it is pushing up its defence budget, it does not amount to much. And when the sum that is returned is factored into the equation, the scenario can only become more worrisome.

Indeed, the amount being surrendered from the Capital outlay year after year is causing great concern among defence analysts. It boils down to lack of planning, inept management and a failure to keep track of what is happening in the neighbourhood.

The United States is arming Pakistan with state-of-the-art weaponry and platforms like modern F-16s and guided munitions. It has left India behind in missile technology with help from China. China, on the other hand, has started its own production of fighter aircraft and has been steadily improving its nuclear submarine arm and missile technology. In contrast, Indian defence planners are in the grip of severe myopia when it comes to steering the national security apparatus towards consistent improvement. Defence and strategy analyst K. Subrahmanyam says, “The defence planning mechanism in India has been erratic. It takes us 10 to 12 years to make up our minds about the type of aircraft we should buy.” Subrahmanyam points towards another crucial shortcoming that is taking its toll on the defence planning set-up. “In all other countries, the Chiefs of Staff are an integral part of the planning process whereas in India they are busy dealing only with day-to-day affairs,” he says.

As India dilly-dallies on defence acquisitions, the cost of equipment and armament escalates. India is compelled to purchase most of its weaponry from the international market because the Defence Research and Development Organisation (DRDO), which was set up 52 years ago, does not have a particularly impressive track record.

AVM Kak is of the view that the National Security Advisory Board (NSAB) should play an active role in assessing the national security environment. He says, “It was NSAB which developed the Nuclear Doctrine. We should task it to come up with a Defence Strategy Document or we should introduce planned budgetary allocation for a longer period and based on a clear vision of what we have to achieve.”
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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Wednesday, March 17, 2010

Lonely island, Prayer of pain

As the civil war is over, the annual festival at the St Antony's Church in Kachatheevu, an island in the Sri Lankan territorial waters, has resumed after 27 years. Indian fishermen and pilgrims are allowed to attend this festival without any travel documents. N. Asokan experienced it first-hand.

No political discourse in Tamil Nadu is complete without the mention of Kachatheevu, the uninhabited barren Island of 285 acres in the waters between Sri Lanka and India. When the maritime boundaries between India and Sri Lanka were settled in 1974, this small island, which belonged to the Raja of Ramanathapuram, was ceded to Sri Lanka by then Prime Minister Indira Gandhi. But the traditional rights of Indian fishermen to take rest on the island were well in place in the agreement between both the governments.

But for the fishermen, the sea had no boundaries. They were going beyond Kachatheevu into the Sri Lankan waters to fish. They used to attend the annual festival on the island. Indians and Sri Lankans would come to worship at the St Antony’s Church. This small church was built by an Indian fisherman in the early 20th century who was believed to have survived a storm near the island when he prayed to St Antony.

There were no problems till 1983 when ethnic riots against Tamils in Sri Lanka first took place. The Sri Lankan government stopped the festival. The territorial waters were strictly monitored by the Sri Lankan navy. When Indian fishermen went beyond the Indian boundary towards Kachatheevu and adjacent places, they were shot at.

More than 300 Indian fishermen were shot dead in the waters near Kachatheevu in the last two decades as the Lankan Navy suspected them of supporting the LTTE rebels with supplies. As the civil war intensified, the number of deaths of Indian fishermen also rose. Tamil politicians were pressuring the Centre to take the island back from Sri Lanka. J. Jayalalithaa’s case in Supreme Court in this regard is still pending. Her contention was that New Delhi ceded the island by an executive order which violated Article 368 of the Constitution.
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IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Friday, March 12, 2010

Lessons in death

A school student in Guwahati attempts suicide, just one of the many in a Malaise that now runs rampant across the country, writes Monalisa Gogoi

For an institution that attempts to teach – or cash in on, by claiming – the best of both the West and India in its curriculum, the Gurukul Grammar Senior Secondary School in Guwahati recently shocked the people of the city when Nabanita Das, a Class 8 student, jumped off the building's second floor in a bid to kill herself. The reason: as punishment she had been asked to write a thousand times that she “would not speak in Assamese” while in school. Even as teachers seemed to coerce students into telling agitating students of the Guwahati Students’ Union and the media that this was an institution where “even after being English we learn the xatriya (a classical Assamese dance form)”, and the administration, along with the state Human Rights Commission ordered inquiries, the standards the school had set became apparent when barely within a week of Nabanita’s attempted suicide, two of its Class 9 students, both drunk, went missing in the Brahmaputra. A third, who was still in an inebriated state when the police picked him up, explained: they had gone to the riverside to discuss a ‘project’ that involved deciding whether they should speak in English or Assamese in school, something that the school denies.

If Gurukul Grammar School had turned out to be a classic case of schooling gone awry (its principal had allegedly molested a student only a year earlier), the situation, so far as suicides are concerned, according to experts, has just about gone out of hand. The problem is rampant: at least 12 students in Mumbai committed suicide in January for various reasons, a situation that sent the education establishment into a tizzy. In one case, the police registered a complaint against the principal for abetting suicide when Abdul Shaikh, a Class 8 student, killed himself after being threatened with suspension. In another case, a 15-year-old student, Rajesh Yadav, also from Mumbai, hanged himself after being suspended from school for bunking classes. “Students are under pressure from their parents to study and sometimes this becomes excessive; sometimes they even suffer abuse at the hands of their teachers,” says Suresh Shetty, Maharashtra minister for public health and youth welfare. Shetty himself cites a case where his daughter’s friend asked if he could help as she was being abused by her teacher and “her parents didn’t care”. Sudheendra Kulkarni, chairman of the Observer Research Foundation in Mumbai, attributes the spate of student suicides in Maharashtra to its “chaotic urbanisation”.
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Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Thursday, March 11, 2010

By George, save ‘em!

Bailouts are simply a waste of time & resources. Leave them alone!

The quintessential definition of insanity is to repeat the same mistake and expect different results, everytime. And the US treasury apparently seems to have mastered the economics of ‘insanity’, running behind the much-abused oxymoron – bail-out! And we begin with the beleaguered insurance giant, AIG, which truly exemplifies a new version of desperate times – the government. Even after pumping-in a most precious $174 billion in the past one year, the Senate issued another gargantuan $30 billion in fresh issuance on March 2, 2009. Indeed very merciful; so much so, that Edward Liddy, CEO, AIG has had absolutely no headaches even after a writedown of $11 billion in 2008 alone, and another hip-breaking $107 billion in Mcap loss in the past 12 months! And if you thought the rogue bourses are to be totally blamed for its misfortune, here’s a revelation to ponder over. Aren’t bailouts meant to help a corporation get back on it’s feet? And even after a year of help, isn’t a company really supposed to show signs of improvements? But wait, here’s the real pill from the daddy of the financial world (read the US government) whose love for AIG would beat any mother’s grace to the grave! And if you claim that the AIG bailout worked, here’s the real deal – in just the past year, AIG announced a loss of $100 billion (and $62 billion in Q4, 2008, alone), the highest ever in the history of mankind! For the records, this total loss is close to the GDP of oil-rich Kuwait and has nullified all of AIG’s profits earned since 1990! Now argue!

We’re not against God. We’re not against AIG too! But we’re against window-dressing and false projection of the tantalising situation at hand, by this huge ‘government-owned’ American institution! Picture this – disregarding sanity, in the wake of such gargantuan losses, AIG is offering $165 million as bonuses to its executives (alas the same heads who got it into a mess). Really, America is a land of opportunities. You make a mess & get bonuses in return!

So as outrageous as it sounds (and even Timothy Geithner, US Treasury Secretary is not expressionless about it), Edward Liddy, CEO, AIG, still had the ‘spheres’ to say this, “I do not like these arrangements and find it distasteful and difficult to recommend to you that we must proceed with them.” The complete annihilation of the investment banking industry (thanks to the collapse of Lehman Brothers & Merrill Lynch) and the failure of Washington Mutual, Fannie Mae & Freddie Mac prove exactly why Americans should stop paying taxes if they dislike someone misusing their incomes! For a fact, the bailout given to Freddie and Fannie totalled a monstrous $200 billion (twice the GDP of oil-rich Kuwait, if we please). And what do we have left in the name of value today? A stinking $730 million in accumulated market value as on March 17, 2009. But that shouldn’t be any reason for the Senate to mourn over, for they still have 0.36% of the bailout given left in value! A toast to that! [Did someone say that bailouts work?]

Next we come to US’ second largest bank (of course, the largest being China) – Citi, and it’s much-worshipped hero Vikram Pandit, its CEO. Citi, till date has received $45 billion in bailout package from the US Treasury. And today, what is left of the company is just a fast dwindling $9.7 billion in market value! (For the records, since the past year, Citigroup shares have tumbled by 95% on NYSE!) And about losses? Oh! It’s not much. Just a blinding $26.78 billion during the past year. We’re proud of you Viki, and you must be proud of the Fed!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Wednesday, March 10, 2010

Can Obama ‘barrack’ racism?

Believe it or not, the world will witness the resurgence of a new era of racism than the end of it...

Obama’s win in the US Presidential election and his swearing in as the first African-American President was predicted to be a case study on the beginning of a new era But perhaps history doesn’t want it to happen that way. And thus even before the euphoria over his historic swearing in has settled down, the dark side of the American racism has started raising its dirty head. And for some it was not absolutely unexpected either. And the more unfortunate thing is that even Obama’s charisma and his incredible campaign for nearly one and a half years could not bridge much of the deep divide that run deep between the Whites and the Blacks of the US.

President elect Barack Obama himself was skeptical about it. His confession at a civil rights group’s convention stating – ‘our work is not over, mere electing me President doesn’t mean our work is over, we got more work to do’ to the NAACP bears testimony to it. In fact, the ugly aspect of racism was blatantly evident in the presidential election result itself. The voting pattern between two presidential candidates- John McCain and Barack Obama was biased and discriminatory. A closer scrutiny at the voting pattern reveals that McCain won greater support in white dominated counties of states like Arkansas, Oklahoma, Tennessee and Northern Texas. For example, about 80% of the voters in Arkansas are Whites and 70% of them unanimously voted for McCain. The same was witnessed in case of Obama who equally gained greater support from Blacks and minority groups. Research reveals that 67% of Latinos and 62% of Asian voters voted in favour of Obama. It wasn’t a surprise that 88-95% of Black voters who comprise 13% of total the US population unhesitatingly supported him. Well, even the most die hard optimist who would love to find a silver lining in it would accept rather grudgingly that if this does not exemplify racism then nothing else perhaps does. However, moving further, what was a little more horrifying than this was the fissures among the Democrat leaders. Reports state that when Obama was to take oath, Senate Majority Leader Harry Reid was busy convincing Illinois Governor Rod Blagojevich and other Democract leaders to replace Obama’s vacancy at the Senate by any of the two White women (Veteran Affairs Chief Tammy Duckworth or Illinois Attorney General Lisa Madigan) and rejecting the three potential Black candidates namely Jesse Jackson, Jr. Danny Davis and Emil Jones.

Yet the fissures run deeper than what is visible to naked eyes. Bruno Serato, the Presidential-themed restaurant owner in the Anaheim, White House, e-mailed his announcement to some of his several high profile customers that he has dedicated a special room to Obama as has been the customary in the presidential theme (in the past he dedicated similar rooms for Nixon, Reagon, Carter, Kennedy, Washington and Jefferson). But then this time, he literally got the shock of his life with strange and revulsive responses from some of his regular customers. Some of the replies indicated utter disregard for Obama. Later when Serato revealed some of the angry responses to the press, one read as follows , ‘I am not an Obama supporter, I could never be and as much as having an African-American in the White House could be a good thing, having one with Marxist ideals is certainly not a good thing! I will not be patronising your restaurant, much less the Obama Room.’ The next one goes as ‘Do not insult us with a Barack Obama room. … You have no idea whether he is a great leader or a hopeless socialist. You may regret your hasty judgement of what he will do to this country. May you remain Orange County’s hidden treasure with the emphasis on Hidden.’ The one as ‘you must be kidding? He didn’t do anything yet other than weaken our internal security. May be you could house all the Gitmo internees there instead.’

Moreover, tensions between the national and state security forces are not at all healthy for the US or its president. No one can kill an American President without involvement of someone from its own intelligence forces (read: Vantage Point). Obama’s failure to replace FBI director Robert S. Mueller reveals Obama’s hard struggle against racism. Muller was appointed FBI director in 2001 by former President, George W. Bush and was obvious to be replaced by someone nominated by the next President. When Obama pronounced his time tested aide Sandy Berger as the next FBI director, Muller didn’t agree to resign and made it clear that he intends to complete his first ten years term which will be over by 2011.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Monday, March 08, 2010

A lesson taught ...and learnt?

from the ceo to the office boy, from the business tycoon to the paan waala, from urban to rural; mobile handsets have travelled a great distance in india, and so has nokia. but thanks to the latest twists in the tale, nokia may need to adapt quite a bit very soon

The ‘Black & White’ era went into decline mode in India way back in 1982, when the first colour TV sets were introduced on the occasion of the Asiad Games (movies were already in colour, though; interestingly, India’s first indigenously produced colour film was Kishan Kanya; way back in 1937). But the ‘grey’ era continues to be strong till date. Not on your screens, my friend, but in markets. Ask the MNCs and they will recount, in horror, countless stories on how the grey market has, time and again, wreaked havoc with their plans.

And that was just the beginning of Nokia’s quagmires when it entered the Indian market in 1995. It was a market where mobile phones and services were a luxury item. With the prices that these models commanded, you could get a decent second hand Fiat car in those days!

There were a few key planks on which Nokia played its cards, and played them well. Firstly, they developed phones specifically for the Indian market, with durability to withstand Indian conditions and features like torch, vernacular SMS, news feeds, et al. Also, with other players like LG, Sony and Samsung being perceived as diversified consumer electronic companies, Nokia scored heavily on the fact that it had a core focus on mobile phones & developed strong brand equity.

Also, it developed phones for all price points. They backed this up with an intensive distribution strategy and were greatly helped by the tie up with HCL Technologies. “We realised that one of the main challenges was the geographical spread of the consumer and hence we invested extensively towards overcoming this challenge,” reveals Vineet Taneja, Director, Marketing Nokia India. Little wonder that Nokia phones are available across almost 2 lakh outlets in India, and span from telecom outlets to watch stores, even local kirana outlets. This Finnish mobile giant realised that focusing only on urban Indian consumers would not help it realise the vision that it had set for itself. Hence it made a conscious effort to reach out to the rural consumer through micro financing options. Nokia vans visit tier 3 & 4 cities and villages to demystify the use of mobile technology and also gain business. As a result of these endeavours, Nokia today has a retail point within every 5 km, or for every 20 sq. km. And with over 400 million subscribers already in the market, Nokia commands a formidable 64% share.

However, it would not be wrong to say that Nokia’s best times are now behind it in India. Mobile phone penetration is reaching its zenith, and growth rates are expected to head downwards in a few years. Also, players like Samsung, ZTE and other branded and unbranded players have developed strong entry level portfolios and have already started to snatch some share from it. It is visible when you see that Nokia used to have a market share of over 75% till a few years back. Another concern could be the smartphone segment. With 3G making inroads in the country, a sudden surge is anticipated in smart phones. Globally too, Nokia is not very strong in this category with players like Apple iPhone, research in Motion’s BlackBerry and Palm ruling the roost, but the company believes that its latest offering N 97, could spring a surprise. Unfortunately, global markets haven’t agreed so far. It is the first device that comes in with Nokia’s application software Ovi (meaning door in Finnish) pre-loaded, so its progress will be interesting to watch. That brings us to the next big challenge. As mobile phone growth slows down, Nokia will have to now rely on the power of its software more and more in order to drive revenue growth in the future. So Ovi could play a major role. But here too, it will have to compete with Apple’s App Store (which has a much wider portfolio of offerings), as applications could increasingly become a major factor of consideration for people buying cell phones. ‘Connecting people’ sure isn’t like it used to be!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Saturday, March 06, 2010

Green and guilt-free mobility

When it comes to mass transportation, green options are being developed aplenty, but almost all are failing the economic viability test. The IIPM Think Tank analyses the economic and social benefit of contemporary machines that will be green, clean and fast – but not necessarily in the same order of priority!

Ice Age, Stone Age, Bronze Age, Iron Age... one would think that we should have come of age after going through these multiple bouts of evolution. But then, mankind has had the penchant for reinventing itself every now and then.

We have displayed that ability exceptionally well with respect to our transport system. The invention of the wheel started it all. Evolution kept ‘happening’, till the time when the entire connotation of transport took a whole new meaning with the invention of the internal combustion engine (that used petrol and petroleum by-products), which laid the foundation stone of modern transportation and gave birth to a huge population of fuel-guzzlers and carbon-emitting machines. It also gave us the concept of black gold; for which many wars have been fought, apart from the spectre of pollution – that has not only contributed to global warming, but also has been the leading reason for cancer.

In the late 20th century, countries started to re-calculate the negative effect of mass transportation on the environment. The focus on power and speed started getting replaced with a focus on green transportation, at least in policy circles, to an extent that the vision of having green transport systems became no longer confined to a few developed countries (In most developed countries, on an average, transport systems consume between 20-25% of total energy – an issue that is motivating the developed nations faster towards alternative less energy consuming systems). Despite all the hullaballoo about the ecological benefits, the clear fact is that the economic benefits of the so called ‘green’ alternatives are absent, and in many cases, too prohibitive for Third World nations (the costs to implement such eco-friendly systems is beyond logical levels and extraordinarily huge – this is an insurmountable impediment considering that even at the current level, almost all public transport systems, irrespective of which nations we consider, are more or less running on losses).

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 05, 2010

Auro Meets BAPU

Filmmaker Leena Yadav rises from the "SHABD" ashes to break new ground by socking a lethal casting coup-the Big B with Sir Ben Kingsley! In this exclusive with Monojit Lahiri, the director of "Teen Patti" narrates how it all happened, the experience of working with this deadly duo… & much, much more!

She’s one hell of a freako! Studied science in school. Dreamt of becoming an architect in college – and almost made it. Wandered into doing economics honours at LSR Delhi (thanks to peer pressure) and ended up getting a first division. Moved to Mumbai from Delhi to pursue a course in media at Sophia. Charged, she leapt into a variety of jobs that included editing, writing and directing – mostly in the area of TVCs and later television programmes. In 2005, she made her directorial debut with the Sanjay Dutt–Ash starrer “Shabd”. Critically acclaimed, it was, however, perceived as too intellectual by the howling mobs. Shaken, not stirred, the lady returns with renewed vigour and all cylinders firing to offer “Teen Patti”, due to release this Friday, 26th of February.

How did “Teen Patti” happen? The idea came out of a conversation with the music director Vishal Dadlani over a cup of coffee. “He was narrating to me a real-life card scam and thought it could be an interesting theme to pursue. I was immediately taken in, big time and it coincided with my desire to do a film targeting the youth”. Thereafter she researched like hell on global card scams, spoke to and met people, saw documentaries on them… And got even more excited and convinced that this was the platform to connect with the youth. “Teen Patti” has three generations, so, it felt very right. “When I started writing the script, however, it was another ball game! I soon realised that I couldn’t write it alone and needed help. I’ve been a great admirer of Shiv Subramaniam’s work (“Parinda”, “1942 – A Love Story”, “Chameli”, “Hazaaron Khwaishein Aisi”) and invited him to come on board. He graciously agreed and we soon went about brainstorming, creating and destroying a whole lot of characters, events … It was truly fantastic!”

And, Mr Bachchan? “After the first draft was ready, we narrated it to Ambika Hinduja, who loved it and wanted to produce it. That was great! Next, we decided (after a lot of thinking) that the role of the protagonist, Venkat Subramaniam needed the stature and aura of the Big B. We sought an appointment, met him, narrated the basic storyline and I think I kept speaking – passionately and honestly – about the project, way beyond the stipulated time given to us. Mr Bachchan had told us, initially, that he would go through the script in detail and if he felt comfortable, would get back to us. Suddenly, I heard him say (like in a dream?) “But relax, your Venkat Subramaniam is in front of you!” I was floored, blown, speechless! We couldn’t imagine, in our wildest dreams, that the towering inferno would be so generous with a new filmmaker and team, so soon …”
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!